ONE Store Secures $10M Investment From Digital Turbine, Bringing Digital Turbine's Innovative SingleTap Technology To Over 40M+ ONE Store Users In South Korea, And Joining Forces In Bringing One Store's App Marketplace To Key Markets Overseas
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Digital Turbine (NASDAQ:APPS) has invested $10M in ONE Store, aiming to bring its SingleTap technology to over 40M+ users in South Korea and to expand ONE Store's app marketplace globally. This strategic partnership is expected to leverage both companies' strengths, enhancing ONE Store's international market penetration and app store business. The investment underscores the potential of ONE Store, following previous investments from Microsoft, Deutsche Telekom Capital Partners, and Krafton.
February 06, 2024 | 1:24 pm
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Digital Turbine's $10M investment in ONE Store aims to expand its SingleTap technology to South Korea and globally, indicating a strategic move to enhance its market presence and capitalize on ONE Store's potential.
The investment in ONE Store by Digital Turbine is a significant move that not only expands its technological reach to over 40 million users in South Korea but also sets the stage for global expansion. This strategic partnership is likely to enhance Digital Turbine's market presence and open up new growth opportunities, making it a positive development for the company's stock in the short term.
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